Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0515%/8h= +56.4% APRpaid last 24h +0.023%
Price spread now: Extended against Bybit−0.076%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1541.545% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 7 days−0.260%−$26 · spread now −0.076%, 7d avg −0.132%
Together, before fees−0.160%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.132%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CHIPUSDT0.04779−0.0411get 0.0205% / 4h1h 32m$10.8M$9.1M20x
ShortExtended CHIP-USD0.047750.0104get 0.0013% / 1h32m 57s$217K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$108.15
Price spread: −0.076% → −0.132%
$5.59
Slippage, 4 orders
−$138.49
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$40.76
Costs to cover
1.545%
Break-even
9.6 days
Slippage from Bybit: live order book, 5 min ago; Extended: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.10 bp50.1 bp −$50148.7 bp −$1,487doesn't fitdoesn't fit
Sell Extended live order book, just now3.25 bp30.9 bp −$31213.4 bp −$2,134doesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDTlong−0.0411%4h0.04779long leg$10.8M$9.1M20x
ApeX Omni CHIPUSDT−0.0399%1h0.04761−0.377%$17K$246K50xas long as short
OKX CHIP-USDT-SWAP−0.0210%4h0.04776−0.063%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04781+0.042%$3K$128K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0168%1h0.04786+0.138%$10K$24K10xas long as short
Nado CHIP-PERP−0.0152%1h0.04782+0.073%$242K$18K5xas long as short
KuCoin CHIPUSDTM−0.0054%4h0.04781+0.042%$1.0M$1.2M50xas long as short
Aftermath Perps CHIPUSD−0.0030%1h0.04766−0.273%$123$36K5xas long as short
BloFin CHIP-USDT+0.0058%4h0.04780+0.021%$574K$91K50xas long as short
Lighter CHIP+0.0096%1h0.04780+0.021%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04787+0.161%$14.8M$6.0M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04777−0.044%$55K$272K5xas long as short
Pacifica CHIP+0.0100%1h0.04791+0.245%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04773−0.126%$14.3M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04786+0.146%$685K$969K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04774−0.105%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04778−0.021%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04777−0.042%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04784+0.105%$35K$230K5xas long as short
Variational Omni CHIP+0.0100%4h0.04744−0.729%$860K$445Kas long as short
SunX CHIP-USDT+0.0100%4h0.04786+0.146%$638$1.0M10xas long as short
Extended CHIP-USDshort+0.0104%1h0.04775−0.076%$217K$1.0M5x
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04805+0.544%$46K$38K50xas long as short